Indonesian media, property and banking tycoon James Riady is on the verge of launching a new English-language daily, the Jakarta Globe. The editor of the 48-page, full-colour broadsheet is David Plott, a former editor-in-chief at the Hong Kong-based Far Eastern Economic Review. The Globe will be distributed initially in major Indonesian cities and Singapore, with a print run of "over 50,000". Its direct competitor in the local market is the Jakarta Post, with an 18,000 circulation. (Via The Australian)